Martin Seidenberg, chief executive of International Distribution Services (IDS)—the parent company of Royal Mail—receives a pay package of £6.9 million for the year to 31 March. Multiple outlets report that this is more than a threefold increase from the previous year’s £2.1 million, with the higher figure reflecting salary, bonuses and long-term incentive scheme awards. Reports also note that the company’s overall performance weakens during the same period, with IDS group profits slumping by about a fifth (around 20%) year-on-year, according to accounts cited by The Guardian and The Canary. Other directors’ remuneration is also described as rising by The Canary, though specific totals for them are not consistently detailed across all sources. The coverage ties the pay awards to the period following IDS’s takeover of the UK postal service, as described by The Guardian. The articles collectively present the pay increase as occurring despite a decline in profits for the IDS group over the same financial year.